ByteDance joins OpenAI's Sora rivals with AI video app launch. ByteDance has expanded its offering of a software that can generate videos based on text prompts, joining a growing number of Chinese tech firms entering an emerging market also targeted by ChatGPT creator OpenAI.
 https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1719203536074-YAKIHONNES3.jpg 
Since Microsoft-backed OpenAI unveiled in February its text-to-video model Sora, which is not open for public use yet, Chinese companies have rapidly developed similar tools, with several launching models accessible to users. 

 ByteDance, the company behind popular apps like TikTok, has entered the market of AI-generated videos with the launch of a software that can generate videos based on text prompts. This move puts ByteDance in competition with OpenAI's Sora, which is also focused on text-to-video generation. Since OpenAI unveiled Sora earlier this year, several Chinese tech firms have developed similar tools, with some already accessible to users